Davis Selected Advisers 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
58.com, Inc. ADR	ADR	31680Q104	1,100	23,086	SH		SOLE		23,086	0	0
Acadia Realty Trust	Common	004239109	17,557	484,457	SH		SOLE		247,587	0	236,870
Aetna Inc.	Common	00817Y108	173,673	1,504,313	SH		SOLE		1,457,153	0	47,160
Air Products & Chemicals, Inc.	Common	009158106	274	1,825	SH		SOLE		0	0	1,825
Alexander & Baldwin, Inc.	Common	014491104	3,056	79,534	SH		SOLE		79,534	0	0
Alexandria Real Estate Equities, Inc.	Common	015271109	10,356	95,206	SH		SOLE		42,822	0	52,384
Alphabet Inc., Class A	Common	02079K305	702,933	874,230	SH		SOLE		856,662	0	17,568
Alphabet Inc., Class C	Common	02079K107	1,030,874	1,326,242	SH		SOLE		1,306,402	0	19,840
Amazon.Com, Inc.	Common	023135106	1,700,896	2,031,382	SH		SOLE		1,994,898	0	36,484
American Campus Communities, Inc.	Common	024835100	18,416	362,021	SH		SOLE		163,777	0	198,244
American Express Co.	Common	025816109	822,859	12,849,137	SH		SOLE		12,661,770	0	187,367
American Homes 4 Rent, Class A	Common	02665T306	12,108	559,522	SH		SOLE		196,592	0	362,930
American International Group. Inc.	Common	026874784	19,631	330,830	SH		SOLE		330,830	0	0
Angie's List, Inc.	Common	034754101	31,776	3,206,460	SH		SOLE		2,887,210	0	319,250
Apache Corporation	Common	037411105	1,256,736	19,676,467	SH		SOLE		19,282,571	0	393,896
Apartment Investment & Management	Common	03748R101	9,844	214,423	SH		SOLE		83,553	0	130,870
Applied Materials, Inc.	Common	038222105	14,318	474,880	SH		SOLE		474,880	0	0
Avalonbay Communities, Inc.	Common	053484101	19,913	111,971	SH		SOLE		49,891	0	62,080
Axalta Coating Systems Ltd.	Common	G0750C108	322	11,400	SH		SOLE		11,400	0	0
Baidu, Inc. Class A, ADR	ADR	056752108	12,588	69,137	SH		SOLE		69,137	0	0
Bank of New York Mellon Corp.	Common	064058100	857,657	21,505,937	SH		SOLE		21,179,344	0	326,593
Berkshire Hathaway Inc., Class A	Common	084670108	1,001,963	4,634	SH		SOLE		4,630	0	4
Berkshire Hathaway Inc., Class B	Common	084670702	256,133	1,772,913	SH		SOLE		1,636,421	0	136,492
Boston Properties, Inc.	Common	101121101	38,329	281,230	SH		SOLE		116,980	0	164,250
Brookfield Asset Management Inc., Class A	Foreign	112585104	23,328	663,115	SH		SOLE		663,115	0	0
Brookfield Business Partners, L.P.	Partnership	G16234109	352	13,307	SH		SOLE		13,307	0	0
Cabot Oil & Gas Corp.	Common	127097103	407,621	15,799,261	SH		SOLE		15,414,122	0	385,139
Camden Property Trust	Common	133131102	11,929	142,447	SH		SOLE		56,647	0	85,800
Capital One Financial Corp.	Common	14040H105	270,373	3,764,073	SH		SOLE		3,721,262	0	42,811
CarMax, Inc.	Common	143130102	518,826	9,724,947	SH		SOLE		9,594,263	0	130,684
CatchMark Timber Trust Inc., Class A	Common	14912Y202	26,964	2,306,600	SH		SOLE		762,370	0	1,544,230
Cedar Realty Trust, Inc.	Common	150602209	11,214	1,557,569	SH		SOLE		708,089	0	849,480
Charles Schwab Corp.	Common	808513105	509,763	16,147,073	SH		SOLE		15,845,380	0	301,693
Chubb Ltd.	Common	H1467J104	227,138	1,807,706	SH		SOLE		1,779,375	0	28,331
Citizens Financial Group, Inc.	Common	174610105	249,858	10,111,602	SH		SOLE		9,976,395	0	135,207
CommerceHub, Inc., Series A	Common	20084V108	1,826	115,541	SH		SOLE		115,459	0	82
CommerceHub, Inc., Series C	Common	20084V306	3,677	231,088	SH		SOLE		230,923	0	165
CorEnergy Infrastructure Trust, Inc. Series A	Preferred	21870U304	3,373	136,266	SH		SOLE		136,266	0	0
Costco Wholesale Corp.	Common	22160K105	299,105	1,961,214	SH		SOLE		1,898,586	0	62,628
Cousins Properties, Inc.	Common	222795106	13,051	1,250,050	SH		SOLE		558,190	0	691,860
Crown Castle International Corp.	Common	22822V101	13,397	142,204	SH		SOLE		61,034	0	81,170
Ctrip.com International, Ltd. ADR	ADR	22943F100	2,643	56,751	SH		SOLE		56,751	0	0
CyrusOne, Inc.	Common	23283R100	11,980	251,841	SH		SOLE		106,533	0	145,308
DCT Industrial Trust, Inc.	Common	233153204	17,420	358,800	SH		SOLE		134,193	0	224,607
DDR Corporation	Common	23317H102	10,210	585,787	SH		SOLE		272,597	0	313,190
Delphi Automotive Plc	Common	G27823106	273,395	3,833,351	SH		SOLE		3,716,007	0	117,344
Disney Walt Holdings	Common	254687106	244	2,629	SH		SOLE		0	0	2,629
DuPont Fabros Technology, Inc.	Common	26613Q106	11,888	288,183	SH		SOLE		111,803	0	176,380
Eastgroup Properties, Inc.	Common	277276101	13,799	187,587	SH		SOLE		81,427	0	106,160
Eaton Corporation Plc	Common	G29183103	38,210	581,490	SH		SOLE		506,420	0	75,070
Ecolab, Inc.	Common	278865100	229,032	1,881,626	SH		SOLE		1,853,024	0	28,602
Education Realty Trust, Inc.	Common	28140H203	7,471	173,183	SH		SOLE		53,100	0	120,083
Encana Corporation	Foreign	292505104	785,569	75,030,451	SH		SOLE		73,484,706	0	1,545,745
EQT Corporation	Common	26884L109	218,913	3,014,494	SH		SOLE		2,969,846	0	44,648
EQT Midstream Partners L.P.	Partnership	26885B100	9,851	129,292	SH		SOLE		129,292	0	0
Equity Residential	Common	29476L107	17,041	264,899	SH		SOLE		97,454	0	167,445
Essex Property Trust, Inc.	Common	297178105	18,196	81,708	SH		SOLE		30,927	0	50,781
Everest Re Group, Ltd.	Common	G3223R108	37,569	197,762	SH		SOLE		197,762	0	0
Express Scripts Holding Co.	Common	30219G108	327,179	4,638,868	SH		SOLE		4,558,364	0	80,504
Extra Space Storage, Inc.	Common	30225T102	8,626	108,628	SH		SOLE		43,868	0	64,760
Facebook, Inc.	Common	30303M102	310,446	2,420,251	SH		SOLE		2,373,674	0	46,577
Fang Holdings Ltd	ADR	30711Y102	78,896	17,571,453	SH		SOLE		17,195,345	0	376,108
Federal Realty Investment Trust	Common	313747206	9,588	62,290	SH		SOLE		24,930	0	37,360
First Industrial Realty Trust, Inc.	Common	32054K103	16,653	590,122	SH		SOLE		274,672	0	315,450
Forest City Realty Trust, Inc., Class A	Common	345605109	15,618	675,229	SH		SOLE		293,879	0	381,350
General Growth Properties, Inc.	Common	370023103	16,437	595,554	SH		SOLE		250,434	0	345,120
Goldman Sachs Group, Inc.	Common	38141G104	40,584	251,652	SH		SOLE		251,652	0	0
Grupo Televisa S.A.B. ADR	ADR	40049J206	4,114	160,155	SH		SOLE		160,155	0	0
Hewlett Packard Enterprise Company	Common	42824C109	474	20,830	SH		SOLE		20,830	0	0
Highwoods Properties, Inc.	Common	431284108	16,190	310,630	SH		SOLE		107,320	0	203,310
Host Hotels & Resorts, Inc.	Common	44107P104	6,787	435,914	SH		SOLE		183,244	0	252,670
HP, Inc.	Common	40434L105	368	23,700	SH		SOLE		23,700	0	0
ICICI Bank Limited ADR	ADR	45104G104	4,865	651,295	SH		SOLE		651,295	0	0
Intel Corp.	Common	458140100	543	14,380	SH		SOLE		14,380	0	0
InterXion Holding NV	Foreign	N47279109	6,701	184,999	SH		SOLE		184,999	0	0
JD.com, Inc ADR	ADR	47215P106	54,213	2,077,921	SH		SOLE		1,995,193	0	82,728
Johnson Controls International Plc	Common	G51502105	678,876	14,590,065	SH		SOLE		14,319,202	0	270,863
JPMorgan Chase & Co.	Common	46625H100	1,128,919	16,953,276	SH		SOLE		16,684,094	0	269,182
Jumei International ADR	ADR	48138L107	532	90,960	SH		SOLE		90,960	0	0
KBR, Inc.	Common	48242W106	1,593	105,300	SH		SOLE		105,300	0	0
Kite Realty Group Trust	Common	49803T300	20,627	744,103	SH		SOLE		304,641	0	439,462
Lam Research Corp.	Common	512807108	412	4,355	SH		SOLE		4,355	0	0
LendingClub Corp.	Common	52603A109	4,172	675,118	SH		SOLE		619,467	0	55,651
Liberty Global PLC, Series C	Common	G5480U120	420,324	12,721,681	SH		SOLE		12,430,700	0	290,981
Liberty Global PLC, LiLAC Class C	Common	G5480U153	57,835	2,061,844	SH		SOLE		2,027,598	0	34,246
Liberty Ventures Series A	Common	53071M880	46,067	1,155,431	SH		SOLE		1,154,606	0	825
Liberty Interactive Corp., QVC Group, Series A	Common	53071M104	52,435	2,620,438	SH		SOLE		2,572,385	0	48,053
Liberty TripAdvisor Holdings, Inc., Series A	Common	531465102	14,366	657,484	SH		SOLE		657,034	0	450
Loews Corp.	Common	540424108	223,416	5,429,312	SH		SOLE		5,342,440	0	86,872
Markel Corp.	Common	570535104	259,861	279,791	SH		SOLE		275,286	0	4,505
Marsh & McLennan Co.	Common	571748102	33,792	502,480	SH		SOLE		502,480	0	0
Micron Technology, Inc.	Common	595112103	570	32,055	SH		SOLE		32,055	0	0
Microsoft Corp.	Common	594918104	256,004	4,444,519	SH		SOLE		4,337,686	0	106,833
Monsanto Co.	Common	61166W101	637,485	6,237,627	SH		SOLE		6,124,710	0	112,917
Moody's Corp.	Common	615369105	158,719	1,465,821	SH		SOLE		1,445,622	0	20,199
New Oriental Education & Technology ADR	ADR	647581107	17,125	369,393	SH		SOLE		369,393	0	0
Noah Holdings Ltd. ADS	ADR	65487X102	26,826	1,027,407	SH		SOLE		1,027,407	0	0
Occidental Petroleum Corp.	Common	674599105	606,763	8,320,935	SH		SOLE		8,156,666	0	164,269
Oracle Corporation	Common	68389X105	177,553	4,520,191	SH		SOLE		4,458,817	0	61,374
PACCAR, Inc.	Common	693718108	10,121	172,177	SH		SOLE		136,557	0	35,620
PNC Financial Services Group, Inc.	Common	693475105	23,665	262,680	SH		SOLE		262,680	0	0
Post Properties, Inc.	Common	737464107	21,066	318,555	SH		SOLE		124,455	0	194,100
PPG Industries, Inc.	Common	693506107	4,413	42,700	SH		SOLE		42,700	0	0
Praxair, Inc.	Common	74005P104	382,455	3,165,236	SH		SOLE		3,118,052	0	47,184
Public Storage	Common	74460D109	22,782	102,096	SH		SOLE		43,036	0	59,060
Quest Diagnostics Inc.	Common	74834L100	20,302	239,896	SH		SOLE		214,552	0	25,344
Quotient Technology, Inc.	Common	749119103	28,667	2,153,784	SH		SOLE		1,906,417	0	247,367
Ramco-Gershenson Properties Trust	Common	751452202	17,783	948,941	SH		SOLE		352,831	0	596,110
Retail Opportunity Investments Corp.	Common	76131N101	18,667	850,063	SH		SOLE		362,153	0	487,910
Rexford Industrial Realty, Inc.	Common	76169C100	1,809	79,027	SH		SOLE		33,497	0	45,530
S&P Global, Inc.	Common	78409V104	22,183	175,280	SH		SOLE		175,280	0	0
SAP AG ADR	ADR	803054204	11,919	130,389	SH		SOLE		116,595	0	13,794
Simon Property Group, Inc.	Common	828806109	51,689	249,695	SH		SOLE		105,515	0	144,180
State Street Corp.	Common	857477103	28,179	404,700	SH		SOLE		404,700	0	0
TAL Education Group, Class A, ADR	ADR	874080104	18,071	255,103	SH		SOLE		255,103	0	0
Terreno Realty Corp.	Common	88146M101	22,181	806,277	SH		SOLE		330,654	0	475,623
Texas Instruments, Inc.	Common	882508104	625,056	8,906,473	SH		SOLE		8,699,845	0	206,628
The Priceline Group, Inc.	Common	741503403	214,395	145,699	SH		SOLE		142,976	0	2,723
US Bancorp	Common	902973304	95,679	2,230,805	SH		SOLE		2,225,686	0	5,119
United Technologies Corp.	Common	913017109	904,129	8,898,906	SH		SOLE		8,727,806	0	171,100
UnitedHealth Group, Inc.	Common	91324P102	455,116	3,250,827	SH		SOLE		3,178,031	0	72,796
Valeant Pharmaceuticals International	Common	91911K102	180,816	7,365,210	SH		SOLE		7,200,346	0	164,864
Ventas, Inc.	Common	92276F100	2,924	41,402	SH		SOLE		41,402	0	0
Vipshop Holdings Ltd. ADS	ADR	92763W103	39,366	2,683,442	SH		SOLE		2,611,032	0	72,410
Visa, Inc., Class A	Common	92826C839	373,076	4,511,202	SH		SOLE		4,449,452	0	61,750
Vornado Realty Trust	Common	929042109	10,710	105,816	SH		SOLE		44,390	0	61,426
Wells Fargo & Co.	Common	949746101	1,159,842	26,193,351	SH		SOLE		25,728,436	0	464,915
Welltower, Inc.	Common	95040Q104	15,262	204,113	SH		SOLE		83,673	0	120,440
Wesco Aircraft Holdings, Inc.	Common	950814103	64,190	4,779,618	SH		SOLE		4,566,036	0	213,582
Wesco International, Inc.	Common	95082P105	30,409	494,534	SH		SOLE		445,257	0	49,277
Xilinx, Inc.	Common	983919101	430	7,920	SH		SOLE		7,920	0	0
YY, Inc. ADR	ADR	98426T106	12,265	230,192	SH		SOLE		230,192	0	0